Market Trends
- Denver industrial vacancy held steady at 9.6% in Q3 2026. Net absorption rebounded to nearly 883,000 square feet (sf), supported by an 800,000-sf build-to-suit delivery for Philip Morris in the East submarket.
- Average asking rents increased 1.9% year over year to $8.94 per square foot (psf). The East submarket accounted for four of the five notable leases, reflecting continued demand from logistics and distribution tenants.
- Year-to-date deliveries totaled 1.7 million square feet (msf), down 0.5 msf year over year. The construction pipeline stands at 4.2 msf, with the Northeast submarket accounting for more than half of all space underway.